ProShares USD Covered Bond seeks investment results, before fees and expenses, that track the performance of the Solactive® Diversified USD Covered Bond Index.
- Designed to offer attractive yield potential and international diversification for investors concentrated in U.S. bonds.
- Covered bonds have two sources of bond repayment in a default: a senior claim on the issuer and a claim to a "cover pool" of assets backing the bonds.
- Focuses exclusively on the highest rated U.S. dollar-denominated covered bonds—substantially all of COBO's holdings are AAA-rated covered bonds.
CUSIP distribution rules have changed, to learn more click here